Dublin: 11 °C Tuesday 10 March, 2026
The Explainer
The Explainer
10 Mar 2026
How bad could the looming energy crisis get?
00:00

The price of oil has surged again. The Strait of Hormuz remains effectively closed to shipping. Major Middle Eastern production hubs have declared force majeure. Is Ireland looking at a repeat of the economic shocks of the 1970s, or is there still a chance for the damage to be more short-term? We’re joined by Dr Emma Howard, an economist at TU Dublin